AIRSIDE

What AIRSIDE does

AIRSIDE is a 1.9 million sq. ft. mixed-use commercial development operated by Nan Fung Group at 2 Concorde Road, Kai Tak, Kowloon, Hong Kong. The property combines approximately 150,000 sq ft of retail and dining space with offices, a 7-screen MCL AIRSIDE Cinema (over 900 seats including a LUXE Theatre with RealD Ultimate Screen and Dolby Atmos), a 3,000 sq ft GATE33 Gallery, a 6,000 sq ft AIR Farm with over 50 crop varieties, and an AIRSIDE Garden on the 6/F. It serves general consumers, office tenants, families with children, tourists, and sustainability-conscious businesses, with a tenant roster spanning IKEA, MUJI, city'super, Samsung, Chow Sang Sang, Tesla, XPENG, MCL Cinemas, DALLOYAU, % ARABICA, Starbucks Reserve, McDonald's, Bank of China (Hong Kong), and Industrial and Commercial Bank of China (Asia). Marketing reaches Hong Kong and mainland Chinese audiences via Facebook, Instagram, WeChat, Xiaohongshu, email newsletter, the NF Touch app, and curated events.

The development is differentiated by what is described as the first simultaneous achievement of seven major green and smart building certifications in Hong Kong (SmartScore Platinum, WELL Core Platinum, LEED v4 Core and Shell Platinum, BEAM Plus Neighbourhood Platinum, BEAM Plus New Building Platinum, China Green Building Design Label 3 Stars, WiredScore Platinum). Its technical infrastructure includes a District Cooling System (COP 5.5, first commercial deployment in Hong Kong), a 1,350 m² monocrystalline photovoltaic farm generating approximately 270,000 kWh per year, an Automatic Refuse Collection System with weighing (first in a Hong Kong commercial building), real-time Indoor Air Quality monitoring across PM2.5, CO2, TVOC, temperature, and humidity, an artificial wetland recycling approximately 1,340L of greywater per day for irrigation, an automatic underground bicycle parking system with 48 spaces (first in Hong Kong), and an EV charging installation described as the largest in any Hong Kong commercial building (256 medium and 17 fast/super-charging stations plus Tesla and XPENG facilities).

AIRSIDE generates revenue primarily through subscription-style recurring leasing of retail, dining, and office space, supplemented by transaction-based parking fees (HK$25/hour weekdays, HK$28/hour weekends and holidays), usage-based EV charging fees (HK$2.2-3.3/kWh), event programming, and NF Points-based loyalty redemption. Distribution is principally physical via walk-in traffic at the Kai Tak site (reachable via MTR Kai Tak Station Exit C, multiple bus routes, green minibus 82, taxi, and cross-border Trans-Island Chinalink), with digital distribution through the NF Touch mobile app for contactless parking, auto-pay, EV charging activation, and e-coupons. Pricing for ancillary services includes free parking thresholds linked to retail spending (HK$200-500) and NF Points redemption (1,500 points per hour). Financial results are not publicly disclosed; AIRSIDE operates as a privately held asset within Nan Fung Group, a Hong Kong-based diversified conglomerate.

Name

AIRSIDE

Legal name

AIRSIDE (Nan Fung Group)

Website

https://airside.com.hk

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

AIRSIDE is a 1.9 million sq ft mixed-use commercial development by Nan Fung Group in Kai Tak, Hong Kong, combining retail, dining, offices, cinema, gallery, and urban farm assets, with leading sustainability and EV infrastructure serving consumers, office tenants, and tourists.

Ownership category

akta.pro rank

Headquarters

HQ city

Wong Tai Sin

HQ country

Hong Kong SAR China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Retail and Dining Space Leasing: AIRSIDE generates primary revenue through leasing retail and dining spaces to merchants. The mall features approximately 150,000 sq ft of retail space with diverse tenants including fashion, F&B, entertainment, and services.
2. Parking Fees: Revenue from hourly, day, and night parking fees at 851-space car park. HK$25/hour weekdays, HK$28/hour weekends/holidays. Additional revenue from free parking redemptions with NF Points.
3. EV Charging Fees: Revenue from EV charging services at medium (HK$2.2/kWh) and fast/super charging stations (HK$3-3.3/kWh), plus NF Points redemption options.
4. Office Space Leasing: AIRSIDE includes office component as part of its mixed-use development, generating rental income from office tenants.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels9 records

Core offering

AIRSIDE is a 1.9 million sq. ft. mixed-use commercial development in Kai Tak, Hong Kong, operated by Nan Fung Group. It operates a shopping mall with retail, dining, and entertainment offerings, alongside Grade-A office space, an 851-space car park with full EV charging provision, an urban farm, an art gallery (GATE33), a cinema (MCL AIRSIDE), and extensive sustainability infrastructure including Hong Kong's first commercial-building district cooling system and largest office-building photovoltaic farm.

Product overview

AIRSIDE is a 1.9 million sq. ft. mixed-use commercial development in Kai Tak, Hong Kong, developed by Nan Fung Group. The offering comprises a shopping mall and dining precinct (core retail), GATE33 Gallery (permanent art space), AIRSIDE Garden and AIR Farm (urban greenery and sustainability), MCL AIRSIDE Cinema (entertainment), AIRSIDE Car Park with EV Charging and Smart Bicycle Parking (green mobility), supported by the NF Touch Mobile App (digital platform for contactless parking, payments, and membership). The portfolio also includes Happenings (events programming), Pet-friendly Paradise, and Indoor Air Quality Monitoring features. The development positions itself as a 'wholeness' destination combining retail, arts, nature, and wellness.

Differentiator

Problem solved

Functional benefit

Brands

• GATE33 Gallery: A permanent 3,000 sq ft gallery on the third floor of AIRSIDE, managed by a professional art team. It hosts art exhibitions and collaborative workshops for community designers, artists, and artisans.
• AIR Farm
• AIRSIDE Garden
• NF Touch Membership Programme
• SEWIT
• In Time Of

Products and services

• AIRSIDE Shopping Mall A shopping mall within the mixed-use development featuring retail shops and services across categories including fashion, beauty, lifestyle, kids, pets, sports, and supermarkets. Open 10:00 AM - 10:00 PM daily for general consumers and shoppers.
• AIRSIDE Dining Food and beverage offerings including restaurants, cafes, bakeries, and food hall options spanning Asian, Western, and international cuisines across multiple floors. Tenants include DALLOYAU, % ARABICA, Starbucks Reserve, and McDonald's.
• GATE33 Gallery A permanent 3,000 sq ft gallery on the third floor managed by a professional art team, hosting art exhibitions and collaborative workshops for community designers, artists, and artisans, extending the legacy of Gates 1 to 32 of the former Kai Tak Airport.
• AIRSIDE Garden A 6/F green space featuring the Amphitheatre, Wetland, and Forest areas with tropical plants, native flora, and lush vegetation against the skyline.
• AIR Farm A 6,000 sq.ft. urban farm on 2/F home to over 50 varieties of produce, promoting low-carbon-footprint lifestyle and providing nature-based solutions to the community through partnerships with NGOs and local restaurants.
• MCL AIRSIDE Cinema A cinema with 7 houses and over 900 seats including a LUXE Theatre with RealD Ultimate Screen (19m x 9m) and Dolby Atmos sound system, located on 5/F and 6/F.
• AIRSIDE Car Park An 851-space car park with 100% EV charging provision, featuring contactless parking via NF Touch app, Octopus card integration, and automatic payment systems. Hourly rates HK$25 weekday/HK$28 weekends.
• Smart Bicycle Parking System Hong Kong's first automatic underground bicycle parking system providing 48 indoor parking spaces, supporting the GreenWay Network for low-carbon transport.
• EV Charging Facilities EV charging infrastructure with 16 fast-charging, 1 super-charging, and 256 medium-charging facilities, plus Tesla and XPENG chargers, covering B3/F and B4/F of the car park. Pricing ranges HK$2.2-3.3/kWh.
• NF Touch Mobile App Mobile application enabling contactless parking, auto-pay, EV charging activation, NF Points redemption, e-coupon collection, and membership privileges at AIRSIDE and other Nan Fung properties.
• AIRSIDE Happenings Events and programming including workshops, tours, cultural events, sports tournaments, and promotional campaigns such as the KYUBI MARVEL Basketball Tournament and CREATIVE CHILDREN FESTIVAL.
• AIRSIDE Office Leasing Office space component of the mixed-use development, generating rental income from corporate office tenants seeking premium workspace with sustainability certifications and wellness amenities.

Quantifiable outcome

• 189 tonnes CO2 offset annually from PV farm (8,200 trees equivalent)
• +5 more outcomes

Named customers14 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

Six partnerships are on record, tiered core and minor.

• TeslacoreTechnology or IntegrationTesla operates supercharging and medium-charging facilities at AIRSIDE car park. Tesla superchargers (9 EV super-chargers) located at B3-190 to B3-198, exclusively for Tesla models. Additional Tesla medium chargers (3) at B3-199 to B3-201.
• XPENG x KinetacoreTechnology or IntegrationXPENG partnered with Kineta to provide 4 EV super-chargers at B3-170 to B3-173, available for all EVs. XPENG also operates a retail showroom (1st Journey by Jakewell) at AIRSIDE.
• MiniwizminorStrategic or Co-development PartnerCollaboration with Miniwiz to develop PLYFIX Architecture Textile, an upcycled building material made from 109,700 recycled PET bottles for use as interior material.
• NGO and Social EnterprisesminorStrategic or Co-development PartnerAIR Farm partners with NGOs and social enterprises for social programs, wellness initiatives, and promoting social well-being in the community.
• Local RestaurantsminorStrategic or Co-development PartnerAIR Farm collaborates with on-site restaurants to promote Farm to Table concept, using produce from the urban farm.
• Nan Fung Loyalty Program (NF Touch)coreGTM or Marketing PartnerNF Touch is Nan Fung Group's membership program enabling AIRSIDE customers to earn NF Points, redeem free parking, access EV charging, use e-coupons, and receive exclusive privileges.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Cityplaza: Large shopping and office complex in Taikoo Shing on Hong Kong Island, operated by HKR International / Sino Land. Comparable to AIRSIDE in combining a sizeable retail podium with office space and an integrated dining/entertainment offering.
• APM: Lifestyle-focused shopping mall in Kwun Tong operated by Sino Land, targeting younger consumers with late trading hours and F&B/entertainment programming. A relevant HK peer given overlapping Kowloon catchment and emphasis on experiential, late-night retail similar to AIRSIDE.
• Pacific Place: Premium mixed-use complex in Admiralty operated by Swire Properties, comprising luxury retail, dining, a JW Marriott hotel and Grade A offices. Closely comparable to AIRSIDE in scale, premium tenant mix, mixed-use structure and Hong Kong positioning.
• Elements: Premium shopping mall atop Kowloon MTR Station co-developed by MTR Corporation and Sino Land. Directly comparable as a Kowloon premium destination mall with international retailers, dining and direct rail connectivity — overlapping with AIRSIDE's Kowloon catchment and transit-driven GTM.
• IFC Mall: Hong Kong premium mixed-use retail and office complex above Hong Kong Station, operated by Sun Hung Kai Properties. Directly comparable as a high-end, transit-connected Hong Kong destination mall with luxury retail, dining and Grade A office components similar to AIRSIDE's retail/office mix.
• Langham Place: Kowloon mixed-use development in Mong Kok operated by Great Eagle Holdings, combining retail, dining, office and the Cordis hotel. Comparable to AIRSIDE in its mixed-use Kowloon positioning and direct MTR connectivity, although smaller in scale.
• Harbour City: Hong Kong's largest shopping and dining complex in Tsim Sha Tsui, operated by Wharf Real Estate Investment Company. A direct peer given its scale, premium retail/dining tenant base and dominant Kowloon-side tourist catchment that overlaps AIRSIDE's target segments.
• Festival Walk: Kowloon Tong mixed-use shopping, dining and office complex directly connected to MTR, operated by Swire Properties / Mapletree. A direct HK peer given its mixed retail/office profile, MTR adjacency and comparable anchor tenant mix to AIRSIDE.
• Times Square: Major Causeway Bay retail and office tower complex operated by Wharf REIC. Directly comparable as a Hong Kong mixed-use destination combining retail floors, dining and offices, though it draws a different (more mass-premium, Causeway Bay) catchment than AIRSIDE.
• K11 MUSEA: Hong Kong premium experiential/art-integrated mixed-use destination developed by New World Development in Tsim Sha Tsui. Directly comparable to AIRSIDE in its positioning around art (K11 Art Mall legacy), experiential retail, curated F&B and cultural programming, all of which overlap strongly with AIRSIDE's GATE33 Gallery, AIR Farm and curated happenings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/AirsideHK
• Instagraminstagram.com/airsidehk
• LinkedInlinkedin.com/company/airsidehk

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AIRSIDE